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Question: Pre-existing Conditions: Insurance companies do not like to cover pre-existing conditions without being able to rate the premium because they know that these individuals represent higher risk and distort the average risk of the pool. Accepting preconditions does raise the premiums for everyone in an insurance pool. There are many ordinary circumstances, however, where a person with an expensive condition loses their insurance and would suddenly find themselves uninsurable if the insurance exchanges (charging group rates) were not available.
Do we have a social obligation to workers, for example, who lose their insurance coverage when they lose their jobs, to make sure they are not stranded with a condition that can no longer be treated?
Can we design a system that will prevent this from happening, but without placing the higher risk obligation on the private insurance companies?
If you buy a new car the entire purchase is counted as consumption in the year in which you make the transaction. Explain briefly why this is in some sense an 'error' in national income accounting.
Assume individuals consider only the short-run effects of changes in future macro variables when forming expectations of future output and future interest rates.
Evaluate whether each of the following statements is true or false. Explain your answer and provide supporting rationale. The short-run aggregate supply (SAS) curve slopes upward because households spend more as their incomes increase. The long-run ..
Suppose that you have two straights lines, Line A and Line B. The points (x, y) = (2, 6) and (4, 2) lie on Line A. The points (x, y) = (1, 9) and (3, 3) lie on Line B. What is the point of intersection between Line A and Line B
A perfectly competitive firm encounters the following monthly costs and price. What is the fixed cost of this firm? What is the optimal output of this firm?
Conduct an analysis of a recent article and provide their evaluation and outcome expectations
suppose that the percentage annual return you obtain when you invest a dollar in gold or the stock market is dependent
Money Makers or Money Shakers? What are buttocks really in an economic sence?
today is april 1 and you have received the following budget printout. your charge nurses are requesting an additional
A health insurance company requires a prospective customer to take a physical examination.
Explain the difference among the seasonal, the frictional, the structural, and the cyclical forms of unemployment.
What is an example of a normal good and an inferior good - Why did you classify them as normal and inferior goods?
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